Aviation Classifieds - Where To Buy Your Airplane
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You are extremely excited. You decided to buy an airplane. You are ready now that you took those lessons on how to fly. This is the moment to find out how to buy an airplane. There is a list of different things to consider. A new one or a used one may be the place to begin.
There are decisions to be made before you can begin to shop. Have you decided what you will be using it for? What can you spend? Do you intend to fly short or long distances with few or many passengers? What kind of airstrips and runways do the airports have and what are your plans in using the aircraft in 5 years.
New aircraft saves you money in interest charges. Most of us are not wealthy enough to pay cash in buying our new plane. Interest rates on new aircraft are lower than if you are financing a used one because the company usually has financing programs. Maintenance costs will also be lower. There are also some tax savings that should be considered.
One of your important decisions is how much do you think you can spend on the aircraft whether new or used. There is the initial down payment and the loan payments including the interest and the principal. You need insurance, you have to store the airplane, there are annual inspections, maintenance, fuel, and airport fees. This adds up to a good amount of money.
Whatever your decision in the choice you make you cannot only depend on destination and passenger load. A very important item in the equation is the level of your flying skills. Matching the abilities you have acquired with the most comfortable plane you can fly will be a choice that provides safety for your passengers and yourself.
Where do you find a plane? There are a few places to investigate. If you are looking for used, the local flying school may have a board with aircraft for sale, you can check in classified in magazine or newspapers, or you can investigate your choices on line. If you are planning to purchase a new one then you will go to the manufacturers of the one you want.
And the last step is here. You have chosen the model you would like to purchase and there is one you found of great interest. Get on the phone and ask pertinent questions. Then take a physical look at the plane and take a test flight. This is the time for the mechanic to come and examine all parts and after this step a title search needs to be done. The only thing left is to pay!
Article Source: Articlelogy.com
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